LiquidityBook to expand proprietary managed FIX network further across Europe

Rick Steves

According to LiquidityBook, more than 25% of LBX Connect destinations currently route to EMEA. Over 400 routing destinations are available in the region, with more than 1,600 total destinations available globally supporting equities, options, futures, FX, derivatives, swaps, and several other asset classes.

LiquidityBook has announced plans to make continued investments to significantly expand LBX Connect, the firm’s proprietary managed FIX network, across Europe.

The provider of cloud-native buy- and sell-side trading solutions made the announcement as part of its 2023 “EMEA in Focus” initiative, which commits to enhancing LiquidityBook’s suite of cutting-edge products in one of the firm’s fastest growing and highest potential regions.

LiquidityBook’s boots-on-the-ground approach to Europe has included several recent key hires in the region, including Sumit Kumar, Global Head of FIX Connectivity.

Sumir Kumar, an industry veteran with nearly two decades of financial services experience, has worked to build out LiquidityBook’s FIX team and enhance LBX Connect with streamlined processes, updated documentation, and a focus on extensibility to support more workflows.

LBX Connect features multi-asset capabilities, real-time risk controls, post-trade

Built around a flexible FIX gateway with multi-asset capabilities that include integrated, real-time risk controls, as well as post-trade capabilities supporting clearing and settlement, LBX Connect enables LiquidityBook clients to leverage robust normalization logic to support different versions of FIX, including support for a raft of broker algo suites.

LBX Connect’s flexible FIX layer can normalize any message and enhance or append any FIX tag, drop any tag and convert messages into any desired format.

The framework is also equipped with a suite of compliance and reporting tools and can support regulatory obligations such as MiFID II, among other functionalities, the firm stated.

400+ routing destinations available in EMEA

Stephanie Minister, Managing Director of Connectivity Services at LiquidityBook, commented: “The necessary foundational work Sumit and his team have done to streamline our onboarding and connectivity functions has served as a jumping off point for even greater innovation. Sumit has been instrumental in establishing our geographically distributed FIX Onboarding and Support team, who provide consistent, reliable, 24×5 coverage to our global client base. LiquidityBook has provided FIX connectivity services since our founding, and we have seen LBX Connect truly flourish under Sumit’s technical direction.”

Sumit Kumar, Global Head of FIX Connectivity at LiquidityBook, said: “To remain competitive, we understand that firms on all sides of the Street need truly flexible technology with industry-leading functionality. LBX Connect enables our clients to transact more efficiently and put a greater focus on innovation.”

According to LiquidityBook, more than 25% of LBX Connect destinations currently route to EMEA. Over 400 routing destinations are available in the region, with more than 1,600 total destinations available globally supporting equities, options, futures, FX, derivatives, swaps, and several other asset classes.

Over the course of the past year, LiquidityBook grew its suite of offerings, including via enhancements to its API capabilities and strategic agreements with Clearwater Analytics and numerous other leading providers. The company now intends to further hire in the EMEA region and globally.

Read this next

Retail FX

Plus500 sees modest growth in Q1 revenues, EBITDA margin decreases

Israeli-based, but London-stock market listed Plus500 Ltd (LON:PLUS) today reported a 4% increase in revenue for the first quarter of 2024, with figures rising from $207.9 million in Q1 2023 to $215.6 million.

Technical Analysis

FTSE 100 Technical Analysis Report 16 April, 2024

FTSE 100 index can be expected to fall further toward the next support level 7760.00, former strong resistance from last year, acting as the support after it was broken this January.

Digital Assets

Cyprus keeps FTX EU license suspended until September

The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of FTX.com’s CIF license, which allowed the insolvent platform to operate throughout Europe, until September 30, 2024.

Metaverse Gaming NFT

Mon Protocol and Pixelverse Forge a Groundbreaking Partnership to Revolutionize Blockchain Gaming

Mon Protocol and Pixelverse make history in the annals of Blockchain gaming as they set up the architecture for the melding of their technologies.

Chainwire

Nimiq Pay Launch: A New Standard For Self-Custodial Crypto Payments

Nimiq, the blockchain ecosystem for payments that is designed to make cryptocurrency easy for everyone to use, has taken the first concrete steps towards its goal of becoming the world’s most widely-accepted digital asset for payments with the launch of Nimiq Pay.

Inside View, Interviews

Exclusive: GoMining’s Mark Zalan wants to democratize opportunities of Bitcoin halving

As the Bitcoin community counts down to the upcoming Bitcoin halving, Mark Zalan, CEO of GoMining, shared exclusive insights into how the company is gearing up for this pivotal event in the cryptocurrency world.

Digital Assets

Umoja Partners with Merlin Chain to Launch Revolutionary Bitcoin-Based Synthetic Dollar – USDb

Umoja, an innovative smart money protocol, has embarked on a strategic partnership with Merlin Chain, a leading Bitcoin Layer-2 network, to introduce USDb, the first Bitcoin-based, high-yield synthetic dollar.

Crypto Insider

Bybit Report Highlights Imminent Bitcoin Supply Shortage and Rising Scarcity Post-Halving

Bybit, recognized as one of the top three cryptocurrency exchanges globally in terms of trading volume, has recently published a comprehensive report highlighting the future supply constraints of Bitcoin.

blockdag

BlockDAG Outshines XRP Price Breakout and Uniswap Crypto Forecast with 20,000x ROI Potential and Teaser for Keynote on Moon

BlockDAG has become the latest sensation in the crypto world, which has taken the spotlight by storm, overshadowing even the most optimistic projections for XRP’s price breakout and Uniswap’s crypto forecast.

<